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Kotak new mobile banking app (Beta)
- Thread starter John Since
- Start date
anonymuos
TF Ace
Tried it just now. The Scan QR feature in the new app supports only UPI QR and has removed Bharat QR so unlike the old app, we can only pay with RuPay CCs with the new app or bank account. Old Kotak app allows paying with Visa/Mastercard CCs too if BharatQR code is scanned. This seems to be trend in all bank apps that get refreshed and rewritten from scratch. Happened to the Yes Bank app also when it became iris.
Aniket
TF Legend
Very bad, but scan qr feature let us to pay only through Savings (Bank) A/c or even with CC A/c?
I don't know why a new app, why investment is not done on old to make it good enough. 😏
I think it is much harder to change the reputation of an old app by improving it, rather than just launching a new 'better' app. Same as what Axis is doing with their credit cards.
Aniket
TF Legend
What happened with the Reputation of that Old App? 🙂
old and clunky compared to other banks apps
anonymuos
TF Ace
In old Kotak app:
If it's a UPI QR -> can pay via savings account or Kotak RuPay CC
If it's a Bharat QR -> can pay via savings account, Kotak RuPay CC and Kotak Visa/Master CC/DC, Visa prepaid card like Spendz
In new app, BharatQR support dropped entirely just like new HDFC PayZapp dropped it, Yes Bank iris dropped it, new Yes Pay app dropped it.
@Abhishek012 will be elated 🤣
Aniket
TF Legend
I knew about it, I meant to ask about new app only.
Lorddiesel
TF Select
Uday is a big goon, he filed several cases against RBI, now RBI is afraid of him
What are the cases?
RBI : stop your online on-boarding
Kotak : stocks ⬇️
Lose for only one.
Lorddiesel
TF Select
Kotak Bank takes RBI to court over promoter shareholding issue-
Kotak Mahindra Bank to withdraw court case against RBI, to pare promoter stake to 26% in six months
Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst
In an unprecedented act, Kotak Mahindra Bank (KMB) on December 10, 2018 filed a writ petition in the Bombay high court against the Reserve Bank of India. The writ prayed for permission to include its preference capital (a debt instrument) issue in paid-up capital, thereby lowering the stake of the promoters (essentially, that of Uday Kotak) in the bank to 19.7%.
As per the regulator’s directive, the promoter stake in the bank had to be brought down to 20% by December 31, 2018.
Uday Kotak and Kotak Mahindra Bank had been given special regulatory relaxation by the RBI, as the lengthy timeframe provided to the bank to reduce the promoter stake was not given to all other individual promoter-managed banks.
Kotak-RBI Tussle Also Has Consequences for Control of the Overarching Group
For Uday Kotak, the lowering of his holding in the bank has crucial implications for his ownership and control of the entire Kotak group of companies.
Uday kotak, dream : to make similar Rothschild empireKotak Bank takes RBI to court over promoter shareholding issue-
Kotak Mahindra Bank to withdraw court case against RBI, to pare promoter stake to 26% in six months
Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst
In an unprecedented act, Kotak Mahindra Bank (KMB) on December 10, 2018 filed a writ petition in the Bombay high court against the Reserve Bank of India. The writ prayed for permission to include its preference capital (a debt instrument) issue in paid-up capital, thereby lowering the stake of the promoters (essentially, that of Uday Kotak) in the bank to 19.7%.
As per the regulator’s directive, the promoter stake in the bank had to be brought down to 20% by December 31, 2018.
Uday Kotak and Kotak Mahindra Bank had been given special regulatory relaxation by the RBI, as the lengthy timeframe provided to the bank to reduce the promoter stake was not given to all other individual promoter-managed banks.
Kotak-RBI Tussle Also Has Consequences for Control of the Overarching Group
For Uday Kotak, the lowering of his holding in the bank has crucial implications for his ownership and control of the entire Kotak group of companies.thewire.in
RBI : let it be a dream
KillerMetaBang
TF Buzz
Did you know, app is not working those who are having multiple accounts. #Noob
John Since
TF Ace
I have 3 accounts and 2 credit cards. App is working fine.
KillerMetaBang
TF Buzz
Got It, worked. App is like a museum. No service request and enumerate features are available, just data display only
ritwik2000
TF Ace
I have multiple CRNs attached to my mobile number and kotak811 app don't work because of that. G marae kotak.
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